Real Estate Investment With Colin Murphy

On this week's show, we welcome Maria De Yampert from Island Breeze Title into the Torcana podcast booth to dispel some of the myths surrounding what title agents do, how they protect buyers and sellers, exactly what services they provide and how they can sometimes save you thousands of dollars! In my experience title agents are often undervalued and under appreciated by real estate agents and investors. I have worked with Maria for many years and she has saved myself and my colleagues a lot of time and money by doing her job very well. Topics covered in this interview include: - Why some states use attorneys and others use title agents - How title agents represent both buyers and sellers - The importance of their escrow services and how they work - The long list of liens that can be attached to properties and how to find them - Why it is important for owners to get their own title insurance policies - A breakdown of closing costs on a typical transaction - And finally, Maria tells us about how she caught a m

In this week's show, we welcome Mike Bundy of Sunista Realty to the podcast booth to tell us about a property managers life, the problems he encounters and the advice he has for long term investors. This show is packed full of actionable information which includes: - What sets apart really good managers from ordinary or poor ones? - What is involved in advertising a property and placing a great tenant? - What do tenants REALLY want and what makes them stay in a property long term? - What up front measures can you take to make sure you don´t accidentally rent your property to a bad tenant? - If a tenant stops paying their rent, how does the eviction process work? - What are the typical maintenance issues an investor should expect to deal with from time to time? - PLUS: How Mike dealt with a situation where a tenant was convinced there was a BEAR in the attic!

There is a lot to be said for investing in your home market, but sometimes it just isn´t practical because prices are so high and/or rental returns are so low. If you want to invest out of state properly, there are a number of steps you need to follow to avoid making some very expensive mistakes. Here are my 7 recommended tips to get started on building a rental portfolio far from where you list and work.

We have a destination specific podcast today as we drill down into the reasons why Florida, and particularly the Tampa Bay area is such a hot destination for rental property investors right now. Located on the west coast of Florida, Tampa Bay is a densely populated metro area (second only to Miami) with a population of more than 4 million and a local economy worth $130 billion. Major cities within this area include St. Petersburg, Largo, Clearwater, New Port Richey, Holiday and Tampa. The Greater Tampa Bay area is consistently ranked among the top 20 fastest growing metro areas in the country and with billions of dollars of residential, commercial and infrastructure investment underway, it is one of the engines of the Florida economy. More than 19 firms with annual revenues of more $1 billion are headquartered here and it is home to four Fortune 500 companies. Tampa has a very diversified economy with financial services, healthcare, research, education, tourism/retirement, and military bases all making signif

Many of us are aware that the foreclosure crisis turned millions of Americans into renters, with single-family home rentals now at a 30 year high. The flip side of that coin means it is EASIER THAN EVER for many regular people to become landlords and build passive income streams through careful saving, smart planning, and savvy financing. Tune into Torcana Podcast 14 to find out how!

How do some people always seem to be able to find great off-market properties? What are their secrets? Today we delve into the methods used by successful investors to source both off and on market deals. This is a "must listen" show for those who want to start buying great rental properties now and for existing investors who want to dramatically improve how they buy them. Enjoy!

New investors, no matter where they’re starting out, have a massive learning curve if they want to be successful. While nobody can become successful without making mistakes, there is a lot to be said from learning from other peoples before making your own! In this podcast, I discuss the five key pieces of knowledge every investor can use to build a successful foundation on.

While money is clearly one of the biggest barriers (and motivations) to getting started on the property ladder, there are a lot of misconceptions about it. - Do you need a lot of money to get started? - When should we spend on repairs and when should you cut corners? - Is it too late to purchase a great deal as the market is so healthy? The above are just some of the popular myths we tackle in this special podcast. Enjoy!

I have personal experience of buying US property from overseas locations and I know how difficult it can be to find people on the ground to look after your best interests. This podcast describes what extra help and services you will need if you are considering a property purchase from out of state or overseas. Surprising at it may seem, most locally based sellers are simply not tuned into the specific needs of potential buyers located thousands of miles away. They find it difficult to educate them on the market or inform them of what they need to be aware of as a non-US resident. They find it difficult to cultivate business relationships with people they rarely (and sometimes never) get to meet in person. At Torcana our specialty has always been catering to the requirements of out-of-state and overseas buyers keen to purchase turnkey rental properties. Tune into Podcast 10 to find out how we do it.

Torcana Podcast 9 aims to condense the top 10 real estate stories of the past 10 years. While I love studying history, it must be true that the period from 2006-2016 was one of the most disruptive in living memory. Relive the fallout from the market crash, the Fannie & Freddie bailouts, the record low-interest rates and the rise of the internet as the dominant source of new sales and rental listings. If you were to summarise it in a nutshell, you might say a huge boom, followed by a huge bust, followed by strong recovery with some lessons learned and many others forgotten! Hope you enjoy.

Once you can identify and avoid the most common mistakes made, you´ll find that building a profitable real estate portfolio is very straightforward. This podcast discusses the top ten mistakes I´ve seen people make over the years and how you can avoid them. Enjoy!

Florida has one of the most colorful and chequered histories of any property market. In addition to narrating some of its fascinating highs and lows from the early 1900s right up to the present day, this special podcast discusses how understanding the causes and duration of the major property cycles can help us to make informed, long term decisions regarding the real estate opportunities available today.

In this weeks podcast, I have summarised my top 13 tips for those wishing to put their savings to work and increase their wealth by investing in real estate. Enjoy!

Despite its innate simplicity, the huge range of locations, property types, buyers and sellers (not to mention emotions!) have led otherwise intelligent buyers to make all kinds of extremely expensive and stressful mistakes. In this special podcast, I ́m going to outline the top five real estate investment mistakes I have seen people make over the last 10 years. More importantly, I ́ll also describe how you can avoid them!

I recently read an article that described the three main ways to earn passive income. For a lot of people (myself included), the holy grail of a career is figuring out how to build up a large, passive income stream. I love the idea of working hard and building up sufficient assets so that my family will receive a regular income stream no matter what happens to me. Striving to achieve that goal is a great source of daily motivation.

The seven steps to buying, renovating and tenanting great rental properties. The aim of this podcast is to really drill down into the nuts and bolts of buying and owning real estate. While the day to day reality is far less glamorous than the depictions of the popular tv shows, purchasing your own rental properties has the potential to transform your life in more ways than any other investment I know of. This should be considered a step-by-step audio guide (with everyday examples and anecdotes) for anybody interested in learning more about real estate investment. It also gives some useful insights into what the Torcana team actually does every day, including all the number crunching, the hundreds of miles we clock up every week and the financial risks we take in the weeks and months before we present turnkey properties to our buyers.

In this great podcast, we address the crucial issues most realtors and sellers don´t like talking about. - What is the actual step by step process for buying a home after you´ve agreed on a price? - How do title companies protect your investment and ensure you don´t get a shock after you´ve taken ownership? - How are closing costs broken down and what do you need to look out for? - What are the three most important things you need to do after closing on a property (hint: insurance and property management are two of them) - What are your tax obligations as a landlord? In plain English. Whether you are just starting out on the property ladder or have a few rental homes under your belt, this show could save you thousands of dollars and help you get to the next level.

Podcast by real estate investor Colin Murphy on the Tampa Florida rental market. Learn about the properties he is purchasing and renovating with estimated 8-10% cap rates. Prices start as low as $75,000!